Caroline Hyde

But what are you looking at on the individual stocks?

Let's go back to when he thought it was the future of the company.

Just take a listen to Mark Zuckerberg back in 2021.

Boy, a lot has changed since then.

And that was a long time ago, Kurt.

But we still will get the idea that we'll have augmented reality.

We're still focusing in on the glasses.

It's just not the actual virtual worlds and working out.

A reallocation of resources, Kurt Wagner, a huge market moving story.

Thank you for joining us on it.

Let's talk more about the market moves.

Nancy Curtin's with us.

She's Global Chief Investment Officer at LT Tiedemann Global.

Nancy, you've actually been writing really saying that we are currently in an innovation driven bull market.

But what does this move from meta and sort of the moving around of capital expenditure tell you about where we are in the cycle?

I mean, I think the thing is about innovation driven bull markets.

And we've had, you know, pretty much three of them before this one, which is they tend to be characterized by a couple of different risks.

You know, cap expenditure is quite large.

Companies need to tap the debt markets and they're shifting perceptions of the winners and losers.

So, you know, these bull markets last longer.